Samsung Electronics ended the day on the 26th, regaining the ‘70,000 won’ mark for the first time in 14 months, thanks to favorable news from U.S. semiconductor company Nvidia. On the stock market, Samsung’s stock price closed at 70,300 won, up 2.18 percent from the previous trading day.
It was the first time since March 29, last year (70,200 won) that Samsung Electronics exceeded 70,000 won at the closing price. Intraday, the stock rose 2.33% to 70,400 won, hitting a new 52-week high for the second day in a row. The previous day, Samsung Electronics touched 70,000 won intraday and hit a 52-week high, but later pared its gains to close at 68,800 won. On the day, Samsung Electronics shares were net bought by foreigners worth 539.2 billion won, but individuals and institutions sold 45.26 billion won and 78.45 billion won, respectively.
SK hynix, which had risen nearly 6% the previous day, ended the day up 5.51% to 109,200 won. In intraday trading, it rose 6.76% to 115,000 won, a new 52-week high.
This is the first time since May 25, last year 먹튀검증(110,000 won) that SK hynix has risen to the 110,000 won intraday high. Other semiconductor stocks also rose, including DB Hi-Tech (4.06%) and Jeju Semiconductor (3.99%).
This rise in domestic semiconductor stocks is due to Nvidia’s strong performance in the New York Stock Exchange earlier in the day, which sent a positive signal to the entire global semiconductor industry. Nvidia announced a ‘guidance surprise’ and surged 27% in after-hours trading on the New York Stock Exchange on April 24 (local time), and then surged more than 24% in regular trading. AMD, another U.S. chipmaker, rose 11.16%, and the Philadelphia Semiconductor Index rose 6.81%.
Recently, semiconductor stocks have been leading the Korean stock market, following the lead of the secondary battery industry. According to YUANTA Securities, the semiconductor sector has risen 6.6 percent this month (as of the previous day), contributing to 77 percent of the total increase in domestic stocks, and by sector, foreign investors have been net buyers of 9.9 trillion won worth of semiconductor stocks alone. So far this year, foreigners have net purchased 9.3 trillion won in Samsung Electronics and 680 billion won in SK hynix.
Accordingly, the securities market is also lighting up on the prospects of Samsung Electronics and SK Hynix. On the same day, Hi Investment & Securities raised its price target for Samsung Electronics to 95,000 won from 84,000 won, and raised its price target for SK Hynix to 127,000 won from 110,000 won.
“Orders for memory semiconductors from PC customers and Chinese smartphone makers have been recovering since March,” said Song Myung-seop in a report on the two stocks. “Almost all economic leading indicators have now reversed to the upside, and the increase in semiconductor orders is expected to begin in earnest after the end of the third quarter of this year,” he said. However, “if the U.S. interest rate cut and global liquidity do not meet expectations after the end of this year, the duration and breadth of the stock price increase may be limited.”
It also raised its operating profit forecast for Samsung Electronics to 11.9 trillion won from 11.2 trillion won. SK hynix’s operating profit forecast was revised down to a loss of 10.9 trillion won from a loss of 11.7 trillion won.
Meanwhile, on online stock message boards, people wrote, “I robbed without regret today,” “Oh~ 70,000 won, I’m as proud and proud as Lotte’s 9 consecutive wins,” “7 has come after years,” and “I’m in a hurry for money, so I lowered it to 67,000 won, but it’s going up.